Our Lady of Mount Carmel
Department of Business Studies
Course Name: Financial Accounting Principles
Course Code: BAT 4M
Level:
Grade 12, University/College Prep
Teacher:
Period:
Room:
Prerequisite:
Financial Accounting Fundamentals, Grade 11, University/College Preparation
Course Overview:
This course introduces students to advanced accounting principles that will prepare them
for postsecondary studies in business. Students will learn about financial statements for
various forms of business ownership and how those statements are interpreted in making
business decisions. This course expands students’ knowledge of sources of financing,
further develops accounting methods for assets, and introduces accounting for partnerships
and corporations.
Curriculum Strands and Overall Expectations:
The Accounting Cycle
• Demonstrate an understanding of accounting principles and practices;
• Demonstrate an understanding of the accounting cycle in a computerized environment
for a service business and a merchandising business;
• Demonstrate an understanding of ethics and issues in accounting.
Accounting Practices for Assets
• Demonstrate an understanding of accounting procedures for short-term assets;
• Analyse accounting procedures for inventories;
• Demonstrate an understanding of methods of accounting for capital assets.
Partnerships and Corporations
• Demonstrate an understanding of accounting in partnerships;
• Demonstrate an understanding of accounting in corporations.
Financial Analysis and Decision Making
• Compare methods of financing;
• Explain and interpret a corporation’s annual report;
• Use financial analysis techniques to analyse accounting data for decision-making
purposes.
Assessment and Evaluation:
Students will be assessed & evaluated according to the work produced & skills displayed. Methods of
providing feedback may include assessing work in process & evaluating completed assignments,
quizzes, tests, co-operative learning activities, research, and presentations.
Category Weightings
Term (70%):
Knowledge & Understanding
Thinking
Communication
Application
30%
25%
15%
30%
Final (30%):
Final Exam
30%
Achievement Categories:
Knowledge/
Understanding
Thinking/Inquiry
knowledge of facts and terms
critical and creative thinking
skills (e.g., evaluating business
situations; analysing financial
data and solving business
problems; making decisions)
understanding of concepts,
principles, and theories
understanding of relationships
between concepts and ideas
inquiry skills (e.g.,generating
ideas; formulating questions;
planning; selecting strategies
and resources; analysing,
interpreting, and assessing
information; forming
conclusions)
Communication
Application
communication of information
and ideas (e.g., through
writing, visual and oral
presentations)
application of concepts, skills, and
procedures in familiar contexts
transfer of concepts, skills, and
procedures to new contexts
use of language, symbols,
and visuals
use of equipment, materials, and
technology
communication for different
audiences and purposes (e.g.,
choice of language and style
relevant to business
environments)
application of technology (e.g.
choice of tools and software,
ethical use)
making connections (e.g. between
use of various forms of
personal experiences and the
communication (e.g., memos,
subject, between the subjects and
letters, reports)
the world outside the school
Feedback will also be provided for student learning skills. Skills like working independently, team work, organization, work habits and homework, and
initiative are assessed independently student achievement and will be conducted through the use of a rubric indicating specific criteria to be achieved
to receive each of the following letter grades:
E –Excellent
G – Good
S – Satisfactory
N - Needs Improvement
Achievement Levels:
Level 1: 50 – 59%
Limited knowledge and/or
success
Level 2: 60 – 69%
Some knowledge and/or
success
Level 3: 70 – 79%
Considerable knowledge
and/or success
Level 4: 80 – 100%
Thorough understanding &
mastery of skills
Please refer to your student agenda for the following policies:
Evaluation
Attendance
Uniform
Student Textbook: Accounting Principles, 2
nd
Edition, Wiley. Replacement cost: $80.00
Student Workbook: The course textbook has an accompanying workbook in which students will complete chapter
activities and review. Each student is required to purchase this workbook for $25. Cash only please.
Student: (print name)
__________________________ Signature: ____________________________
Parent/Guardian Signature: ___________________________ Date:
____________________________